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VladimirRibakov

GBPNZD Short Term Buy Idea

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VladimirRibakov  
GLOBALPRIME:GBPNZD   None
Trend Analysis Fibonacci Trend Lines GBPNZD buy Bullish Patterns Bullish Divergence bullishconvergence doublewavecorrection keysupportzone Trend Line Break
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trendanalysis fibonacci trendline gbpnzd buy bullish bullishdivergence bullishconvergence doublewavecorrection keysupportzone trendlinebreak
D1 - Bullish convergence.

Price has broken above a strong resistance zone and is currently holding above it.

H4 - Currently it looks like a double wave correction is happening.

Bullish divergence.

Until the key support zone holds my short term view remains bullish here.

A valid breakout above the most recent downtrend line would be the validation for this bullish view.

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